Monday, June 1, 2020
Businesses in Singapore will get more help with labour and rental costs under the S$33 billion Fortitude Budget announced by Deputy Prime Minister Heng Swee Keat in Parliament on Tuesday. To help businesses retain workers, the Government will extend wage subsidies under the Jobs Support Scheme (JSS)...
Deputy Minister of International Trade and Industry, Datuk Lim Ban Hong has urged local companies to capitalise on digitalisation and e-commerce to build a global brand name in the “new normal” following the Covid-19 pandemic. “The Covid-19 outbreak has led to unprecedented changes to our way of...
A 26-member National 5G Committee has been formed with Thailand Prime Minister Prayut Chan-o-cha as chairman to coordinate the 5G development and boost the digital economy in the country. The committee is expected to enhance cooperation between related agencies for 5G development support. “This committee is formed to promote vertical...
The SME Association has suggested that a special purpose vehicles take over the role of commercial banks in disbursing the Special Relief Fund (SRF) meant for businesses.Malaysian SME Association national president Datuk Michael Kang said that Bank Negara should disburse the SRF through a special purpose vehicle...
About 91 per cent of China's small and medium-sized enterprises (SMEs) had resumed operation as of Monday after disruptions caused by Covid-19. Huang Libin, a spokesperson for the Ministry of Industry and Information Technology (MIIT) said some 93 per cent of SMEs in the manufacturing and construction sectors had...
As Singapore deals with the prospect of an extended recession, slated to be one of the worst among its Asian counterparts, boards and companies are also in the midst of planning ahead for the economic aftermath. Russell Reynolds Associates, a global leadership advisory and search firm, in collaboration with...
India has announced plans to spur small and medium businesses as part of a $266bn economic package. These include an emergency credit line of collateral-free loans worth $40bn to "resume business activity and safeguard jobs" in the wake of India's lockdown to curb coronavirus. Finance Minister Nirmala Sitharaman said...
In a bid to assist local entrepreneurs affected by the Covid-19 pandemic, the Entrepreneur Development and Cooperatives Ministry has submitted 19 new programmes and initiatives to the Finance Ministry for special attention. Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the initiatives were...
COVID-19 Economic Impact Could Reach $8.8 Trillion Globally — New ADB Report The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross domestic product (GDP)—as a result of the novel coronavirus disease (COVID-19) pandemic, says a new report released by...
Alibaba.com Organises First Online Summit in Malaysia to Help Malaysian SMEs Navigate Post-COVID-19 WorldAlibaba.com, a leading business-to-business (B2B) platform for global trade, will be organising its first online summit via livestreaming aimed at helping Small and Medium Enterprises (SMEs) in Malaysia prepare for the post COVID-19 recovery....
The Indonesian Chamber of Commerce and Industry (Kadin) has pointed out that the government needs to boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impact of the COVID-19 crisis. The group said many businesses only have enough cash flow to...
Japan has launched a program called the Subsidy Program for Sustaining Businesses to help small and medium enterprises in the country. The Program is targeted at SMEs that had suffered a decline in monthly sales of 50 per cent or more, compared to last year. Companies with capital less...

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